Finance minister rates UK economy an 'eight out of 10'

By REUTERS
October 3, 2016 09:53

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Britain's finance minister, Philip Hammond, scored the recent performance of the country's economy at "eight out of 10" on Monday, buoyed by high employment and strong growth but he said it also faced long-term challenges.

"On the data we have seen for the first half of this year this economy is running at eight out of 10 with high employment, strong growth, robust fundamentals," he told Sky News television on the sidelines of the Conservative Party conference.

"Of course we've got long-term challenges. We still have a poor productivity performance compared to many of our competitors and we run a huge balance of payments deficit ... so these are things we have to address." Hammond also said the country was going into the process of leaving the European Union at a time of global uncertainty.

Related Content

Breaking news
August 17, 2018
Report: Seven injured, two critically, in Gaza border clashes

By JERUSALEM POST STAFF